Key Points
- Endeavor Blockchain, LLC purchased 42,100 shares of Mawson Infrastructure Group on Jan. 28 at $4.57 each, bringing its direct holding to 1,500,000 shares (≈$6.86M), a 2.89% increase in its position.
- The purchase is part of a sustained accumulation by Endeavor across December–January, with multiple multi‑ten‑thousand share buys (including 124,000 on Dec. 11 and 98,000 on Dec. 12), signaling continued insider buying pressure.
- MIGI is trading lower (opened at $4.12, down 6.4%), has a tiny market cap (≈$4.7M), weak technicals (50‑day SMA $4.65 vs. 200‑day SMA $10.24) and bearish analyst sentiment (average rating: "Reduce").
Mawson Infrastructure Group Inc. (NASDAQ:MIGI - Get Free Report) major shareholder Endeavor Blockchain, Llc purchased 42,100 shares of the firm's stock in a transaction dated Wednesday, January 28th. The shares were bought at an average cost of $4.57 per share, with a total value of $192,397.00. Following the transaction, the insider directly owned 1,500,000 shares of the company's stock, valued at approximately $6,855,000. This represents a 2.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Endeavor Blockchain, Llc also recently made the following trade(s):
- On Monday, January 26th, Endeavor Blockchain, Llc purchased 60,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average price of $4.84 per share, with a total value of $290,400.00.
- On Tuesday, December 16th, Endeavor Blockchain, Llc acquired 20,245 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $4.07 per share, for a total transaction of $82,397.15.
- On Monday, December 15th, Endeavor Blockchain, Llc acquired 60,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $4.36 per share, with a total value of $261,600.00.
- On Friday, December 12th, Endeavor Blockchain, Llc bought 98,000 shares of Mawson Infrastructure Group stock. The stock was bought at an average cost of $5.37 per share, with a total value of $526,260.00.
- On Thursday, December 11th, Endeavor Blockchain, Llc purchased 124,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average cost of $8.44 per share, for a total transaction of $1,046,560.00.
- On Wednesday, December 10th, Endeavor Blockchain, Llc purchased 105,005 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $6.01 per share, with a total value of $631,080.05.
- On Tuesday, December 9th, Endeavor Blockchain, Llc acquired 70,106 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.74 per share, with a total value of $332,302.44.
- On Monday, December 8th, Endeavor Blockchain, Llc bought 50,301 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.37 per share, for a total transaction of $219,815.37.
- On Friday, December 5th, Endeavor Blockchain, Llc bought 110,191 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.39 per share, with a total value of $483,738.49.
- On Wednesday, December 3rd, Endeavor Blockchain, Llc purchased 59,832 shares of Mawson Infrastructure Group stock. The stock was purchased at an average price of $4.84 per share, with a total value of $289,586.88.
Mawson Infrastructure Group Trading Down 6.4%
MIGI stock opened at $4.12 on Friday. The stock's 50 day simple moving average is $4.65 and its 200 day simple moving average is $10.24. Mawson Infrastructure Group Inc. has a 12-month low of $3.79 and a 12-month high of $40.00. The firm has a market cap of $4.70 million, a P/E ratio of -0.33 and a beta of 4.55.
Mawson Infrastructure Group (NASDAQ:MIGI - Get Free Report) last released its earnings results on Friday, November 14th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($10.60) by $10.80. The business had revenue of $13.18 million for the quarter, compared to the consensus estimate of $5.30 million. On average, research analysts forecast that Mawson Infrastructure Group Inc. will post -1.85 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have commented on MIGI. Weiss Ratings restated a "sell (d-)" rating on shares of Mawson Infrastructure Group in a research note on Wednesday. Zacks Research upgraded Mawson Infrastructure Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen downgraded Mawson Infrastructure Group from a "buy" rating to a "hold" rating in a research note on Saturday, December 13th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Reduce".
Check Out Our Latest Report on Mawson Infrastructure Group
About Mawson Infrastructure Group
(
Get Free Report)
Mawson Infrastructure Group, Inc is a special purpose acquisition company formed to identify, acquire and operate businesses in the digital infrastructure sector. Incorporated in Delaware, the company focuses on high-growth areas such as data centers, fiber-optic networks, wireless towers and other critical infrastructure that supports the global digital economy.
The company completed its initial public offering in July 2021, raising capital to pursue its business combination objectives.
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